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allow the official effectiveness from May 1 , 2021. In 2022,
st
the effectiveness time of The Regional Comprehensive FIGURE 2: THE FDI REGISTERED CAPITAL
AND IMPLEMENTATION
Economic Partnership (RCEP) is a free trade agreement
among the Asia-Pacific nations of Australia, Brunei,
Cambodia, China, Indonesia, Japan, South Korea, Laos,
Malaysia, Myanmar, New Zealand, the Philippines,
Singapore, Thailand, and Viet Nam.
- Regarding the number of registered FDI projects:
In the period from 2011 to 2022, the number of FDI
projects tends to increase sharply, except for 2020, 2021,
2022 due to the impact of the COVID-19 pandemic.
Compared to the general situation in the world, Viet Nam
is still evaluated as a potential investment destination.
From 2011-2015 the number of FDI projects increased Source: www.dautunuocngoai.gov.vn
steadily by 10%-20% per year, by 2017 (over 2,500 in the period 2011-2015 and gradually increased to 35%
projects) more than doubled in 2011 (over 1,100 projects) of GDP in the period 2016-2022, of which the FDI sector
showing investment attractiveness. Two years 2018-2019 account for a high proportion of total social investment
marked a breakthrough to attract more than 3,000 FDI from 23% in 2010 up to 30% in 2015 and slightly increase
projects because at this time many new-generation FTAs to 32% in 2022 (GSO, 2022). The achievements are partly
(i.e. CPTPP and EVFTA) that Viet Nam signed came into due to Viet Nam's attractiveness in attracting FDI due to
effect, bringing positive signals. Specifically, the number Viet Nam's network of FTA. In theory, efficiency-seeking
of FDI projects registered in Viet Nam in 2019 is more than group investors will aim to produce goods or services in
3,800 projects, an increase of nearly 3 times compared to Viet Nam for export to third markets. Preferential and
2011 (more than 1,000 projects). The period of 2020-2022 guaranteed market access opportunities provided by the
remark difficult periods of the COVID-19 pandemic, the FTA network that Viet Nam has signed are an advantage
number of FDI projects registered in Viet Nam decreased to attract effective group investors.
sharply, typically the number of projects in 2020 is 2,523 - Regarding structure of investment fields:
projects, down 35% compared to 2019 (3,883 projects), The flexible tax exemption and tax reduction policy for
followed by a preliminary calculation of 1,937 projects the selected business line, based on FTA requirements, has a
in 2021, decreased by 23% compared to 2020 and 1,570 significant impact on investment decisions and investment
projects (accumulated to the end of 2022). This is because demand by sector. In the period 2011-2022, foreign
Viet Nam's investment attraction policy has been carefully investors have invested in 19/21 sectors in the national
screened, ready to eliminate projects. Small-scale projects economic sub-sector system. Although the Government
bring little technology content as well as limited added has adjusted policies to attract FDI into the target
value to Viet Nam. In addition, tax incentives are applied industries with a high amount of science and technology,
in Viet Nam with the aim of encouraging investment, the structure of FDI by industry has not changed much in
especially with FDI capital flows. terms of the number of projects and investment capital.
- Regarding the scale of registered capital and The processing and manufacturing industry continued to
implementation: lead with a total investment of more than USD 12.9 billion,
Reducing tax burden and diversifying forms of tax accounting for 57.5% of total registered investment capital.
incentives in FTA commitments have contributed to Real estate business ranked second with a total investment
creating a favorable investment environment to attract of more than USD 3.87 billion, accounting for 17.2% of total
foreign investment. registered investment capital...
Through many stages of tax reform and other economic - Regarding the structure by investment partner:
measures, tax incentives in the FTA have contributed to Investment partners in Viet Nam are increasingly
mobilizing domestic and foreign capital, boosting exports, diversified, especially after the deadlines for the conclusion
and promoting economic growth. Total social investment of the FTA negotiations or the time when that FTA comes
capital is maintained at an average of over 30% of GDP into effect, when the tax commitments and tax incentives
in the agreement are implemented. In the period 2011-
FIGURE 1: NUMBERS OF REGISTERED FDI PROJECTS 2021, Viet Nam received FDI capital from 116 countries
and territories around the world, with 10 countries
,
,
, , , , committed with capital of over USD 10 billion. In which,
,
, , , , , Korea leads with total newly and expanded investment
capital reaching nearly USD 80 billion and 9,538 projects
in 2022, accounting for 19.4% of total investment capital.
Source: www.dautunuocngoai.gov.vn Japan ranked the second with the implemented capital of

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